Vocabulary

2. practice of basing some of a company's processes or services overseas
6. groups organized for purposes other than generating profit
9. an entity that owns one or more shares in a company's stock or mutual fund
11. setting up a business as its own legal entity by registering it with a state
15. when two companies combine to form a new company
16. business organization owned and operated by a group of individuals for their shared benefit
18. fixed regular payment made by an employer to an employee,
20. when 2 or more firms involved in different stages of production join together

1. when two or more partners go into business together, but are only liable up to the amount of their investment
3. someone who owns an unincorporated business by himself or herself
4. an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities
5. purpose is to increase wages and better working conditions
7. obtained from an outside or foreign supplier
8. demand for a good or service that results from the demand for a different, or related, good or service
10. a refusal to work organized by a body of employees as a form of protest
12. no specialized skills
13. term for unions and management negotiating a new labor contract
14. sells merchandise to members at a reduced price
17. employee that fills in at a business or organization for a brief period
19. all the members of a particular organization or population who are able to work